United States

Cryptocurrency

FTX’s Alameda Sues Grayscale for Trapped Crypto Assets

By Manesh Samtani | 08/03/2023

Alameda accuses Grayscale and its owner Digital Currency Group of “brazen abuse” of their control over nearly USD 19 billion of digital assets held in two trusts.

Fraud, Scams & Cybercrime

US Court Authorises Emergency Freeze on Crypto Hedge Fund Assets

By Editors | 08/03/2023

BKCoin and one of its co-founders commingled client money and used some make “Ponzi-like payments” to other investors.

Stablecoins

Singapore Police are Investigating Terraform Labs – Report

By Editors | 06/03/2023

Singapore police confirmed “ongoing” investigations into Terraform Labs, which is also being sued by the US SEC following its collapse last May.

Cryptocurrency

Crypto Focused Bank Silvergate Edges Towards Closure

By Manesh Samtani | 06/03/2023

Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.

PEPs & Sanctions

US Authorities to Target Those Who Facilitate Sanctions Evasion

By Editors | 06/03/2023

China (incl. HK and Macau), Armenia, Turkey and Uzbekistan are named as “transshipment points commonly used to illegally redirect restricted items to Russia or Belarus”.

PEPs & Sanctions

US Commerce Department Adds 3 Dozen Entities to Trade Blacklist

By Editors | 06/03/2023

Of the 37 companies added to the list, 28 are Chinese entities including those involved in advanced technologies and genetic data collection.

PEPs & Sanctions

OFAC Penalises Indian Tobacco-maker for Sanctions Violations

By Editors | 06/03/2023

Godfrey Phillips India exported tobacco to North Korea through a Thai intermediary, saying they were going to China. Hong Kong intermediaries were used to make the payments.

Cybersecurity

US Unveils New Cybersecurity Strategy Focusing on Ransomware Attacks

By Mark Johnston | 05/03/2023

The strategy involves leveraging international cooperation, investigating crimes, bolstering infrastructure resilience, and addressing virtual currency abuse.

Anti-Bribery & Corruption

US Authorities Fine Ericsson $200m for Breaching 2019 DPA

By Editors | 04/03/2023

Ericsson breached a 2019 deferred prosecution agreement intended to resolve a probe into 17 years of alleged corruption in Djibouti, China, Vietnam, Indonesia, and Kuwait.